Tag: odujinrin and adefulu
As five more COVID-19 cases were confirmed in Nigeria on Wednesday, the government swung into action and made some swift reforms which include the reduction of petrol pump price – a N1.5 trillion cut in the 2020 budget and a travel ban on 13 countries with high COVID-19 infection rates. The Central Bank of Nigeria also announced a N1.1 trillion intervention fund to boost the economy. Adeoye Adefulu, Partner at Odujinrin and Adefulu and Kola Masha, Managing Director of Babban Gona both join CNBC Africa to discuss how these moves would impact some key sectors of the Nigerian economy.
The Nigerian government is seeking about $62billion from international oil companies as arrears from the Production Sharing Contract on petroleum sales if crude prices exceed $20. To discuss more on this story Adeoye Adefulu, Partner at Odujinrin and Adefulu joins CNBC Africa.
The United Kingdom's Business and Property Court granted the enforcement request of Process and Industrial Development Limited, to the tune of $9 billion. And the firm says it plans to enforce this judgement by seizing Nigerian assets. Adeoye Adefulu, Partner at Odujinrin and Adefulu joins CNBC Africa to weigh the options available for Nigeria.
Nigeria’s President Muhammadu Buhari says he is ready to assent to the highly anticipated Petroleum Industry Governance Bill, as soon as the National Assembly presents it to him. This comes after he cited constitutional and legal breaches as the fundamental reason for withholding his assent in 2018. Adeoye Adefulu, Partner at Odujinrin and Adefulu joins CNBC Africa to assess the likely impact of this bill and discuss other reforms needed in Nigeria’s oil and gas industry
Nigeria's oil and gas industry stakeholders say the country is fast losing its comparative advantage with the delay in the passage of the Petroleum Industry Bill. CNBC Africa's Wole Famurewa spoke to Adeoye Adefulu, Partner at Odujinrin and Adefulu to discuss this story.